CIL Profitability Seen Improving: Narsing Rao
  • Elizabeth George
  • Aug 05 2013

August 5: Despite reporting a fall in profit in over a year, Coal India Chairman Narsing Rao sees an improvement in profitability on volume growth. Referring to worries about output, he says “Of our 492 million tonnes FY14 target, we are about 3 million tonnes short at the end of July but are sure to make this up.” Adding that FSAs is not an issue right now, he says, “All those who were eligible to sign FSAs have signed.”